JSE: NCB trades 27m units for $475m

Monday, 30th December 2013 | The penultimate day of JSE trading for the year saw 29,063,554 shares changing hands with a value of $486,844,554 as 7 stocks recorded price gains to 5 that declined. National Commercial Bank dominated trading with 27,122,196 units as the price closed at $17 with a total value of $474,632,832.

The junior market index declined by 7.03 to close at 768.06. The all Jamaica index ended at 79,788.72, gaining 431.32 and the main market index finished at 79,447.88, up 248.10.

Main Market | In the main market, trading took place in Cable & Wireless with 210,000 shares to close firm at 16 cents; Caribbean Cement 133,880 shares with the price closing up 20 cents at $3.50; Carreras 12,865 units to close firm at $36; Grace Kennedy 5,645 units closing down $3.75 at $55; Jamaica Money Market Brokers 497,752 shares at $7.50; Sagicor Group 20,428 units to close at $8.40 up 30 cents; Scotia Group 86,673 units at $19.27 for a gain of 21 cents; Proven Investments 288,050 shares at 13 US cents,

In the preference sector Jamaica Money Market Brokers 7.50% traded 74,000 units at $2 and the 8.75% exchanged 32,370 shares at $3.

JSEIndicesDec30Junior Market | Derrimon Trading exchanged 27,400 units at $2.45; General Accident Insurance traded 74,000 units at $1.62; Lasco Manufacturing 208,060 units at $1.30 and Medical Disposables & Supplies 237,069 shares at $2.25 up 7 cents, a new high.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices versus only 1 stock with an offer that was lower.

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TTSE: Moderate price changes

Monday, 30th December 2013 | Overall market activity on the T&T Stock Exchange resulted from trading in 12 securities of which 3 advanced, 1 declined and 8 traded firm.

The Composite Index advanced by 0.17 points to close at 1,184.76, the All T&T Index advanced by 0.02 points to close at 1,993.52 and the Cross Listed Index advanced by 0.04 points to close at 49.38. Trading activity saw 366,230 shares changing hands valued at $3,384,914.

First Citizens Bank added 27,383 shares valued at $1,102,185 and closed at $40.24; Guardian Holdings contributed 34,733 shares with a value of $486,262, with the closing price of $14; Jamaica Money Market Brokers saw 237,601 shares changing hands for a value of $121,177 as the price closed at 51 cents; National Flour Mills traded 6,000 units and fell 2 cents to close at 95 cents; Republic Bank stock price gained 2 cents to close at $115.84 while trading 10,370 shares with a value of $1,201,260; Sagicor Financial Corporation traded 43,174 shares for $310,421 as the price closed firm at $7.19.

TTSEDec30Clico Investment Fund had a volume of 5,878 shares valued at $129,180 and advanced by 5 cents to end at $21.98.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling prices versus only 1 stock with an offer that was lower.

Image courtesy of StuartMiles/FreeDigitalPhotos.net

JSE: Rally has legs

Monday, 23rd December 2013 | The Jamaican stock market had two stocks recording all-time highs and one trading at its 52-day high reached earlier in the year. The prices of 10 stocks advanced and 5 declined.

Access Financial Services recorded a new all-time high and so did the Sagicor Real Estate Fund as trading took place in 4,467,343 units with a value of $18,405,855 as the main indices all rose.

Indices | Trading activity resulted in the JSE Market Index advancing by 188.00 to close at 78,855.65, the all Jamaican Composite moved up by 326.83 to close at 78,902.49 and the JSE Junior Market Index closed at 774.03 for an increase of 2.76.

Stocks trading included Berger Paints with a nice volume of 1,242,398 units to close at $1.75; Cable & Wireless 209,006 units to close at 16 cents; Caribbean Cement 257,372 share to close up 14 cents at $2.99; Carreras 35,758 shares at $36 for a gain of 75 cents; Gleaner with 30,000 units, gained 10 cents to close at $1.20; Grace Kennedy 40,000 shares at $59, gaining $3 in the process; Jamaica Money Market Brokers 148,163 shares to end at $7.60, a fall of 7 cents; Jamaica Producers Group 9,687 units with the price closing unchanged at $18.25; National Commercial Bank 38,700 units to close up 50 cents at $17.50; Sagicor Group, traded under its new name for the first time as the holding company for the banking and insurance companies, had a volume of 184,073 shares as the price ended at $8.05; Sagicor Real Estate X Fund recorded another record with 4,500 units as the price jumped 70 cents to $7; Scotia Group 125,757 shares to settle unchanged at $19; Scotia Investments gained $1.82 to close at $27 in trading 1,000 units.

Proven Investments 8% preference share traded 212,000 units at $5.11.

JSEIndicesDec23Junior Market | Access Financial Services reached another high of $11.48 by gaining 10 cents with 26,100 units changing hands. Caribbean Flavours traded 28,420 units to close at $2.50, after declining by 14 cents; Derrimon Trading exchanged 1,509,426 shares and closed firm at $2.50; Dolphin Cove traded 17,000 units to close up 11 cents at $8.50; Lasco Distributors traded 195,000 units to close at $1.40; Lasco Financial Services put on 23 cents while trading 69,400 units to close at $1.30 and Lasco Manufacturing traded 71,488 units to close down 5 cents at $1.40.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices versus only 3 stocks with offers that were lower. The strength of this indicator points to more gains ahead. For how far into the future the gains will take place, we’re unable to predict.

TTSE: First Citizens profit pushes price to new high

Monday, 23rd December 2013 | In very moderate trading, First Citizens Bank gained $1.43 to end the day at $40 for yet another new record high with a volume of 9,460 shares being traded for $378,356. The bank released results for the full year with earnings around $2.45 thus justifying the movement in the stock, which we reinstated to our IC Insider Buy Rated list.

There was trading in only 6 securities of which 3 advanced, 0 declined and 3 traded firm which accounted for 53,527 shares trading at a value of $1,058,738. The Composite Index advanced by 4.08 points to close at 1,183.84, the All T&T Index advanced by 8.23 points to close at 1,992.55 and the Cross Listed Index remained at 49.27.

Guardian Holdings traded 37,957 shares with a value of $535,604 as the price closed firm at $14 but after trading at $14.11; National Enterprises contributed a paltry 171 shares with a value of $2,999 but the price remained at $17.54, while Republic Bank added 104 shares valued at $12,045 and gained 5 cents to land at $115.82.

TTSEDec23Clico Investment Fund traded 5,800 shares valued at $127,194 as the price advanced by 18 cents to end at $21.93.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling prices, versus only one stock with an offer that was lower.

JSE: Market ends week positively

Friday, 20th December, 2013 | Nine of the 19 stocks that traded on the Jamaica Stock Market recorded price gains to 4 that recorded losses. Access Financial Services recorded a new 52 weeks high at the end of trading and so did newly listed Derrimon Trading. There was trading in 1,733,982 units with a value of $59,289,909.

Indices | Trading activity resulted in the JSE Market Index advancing by 155.23 to close at 78,667.65, the All Jamaican Composite moved up by 269.86 to close at 78,575.66 and the JSE Junior Market Index closed at 771.27 for an increase of 3.11. Except for Monday, when the indices fell, there were increases for all the other days during week for the main market and the all Jamaican indices.

Trading took place mostly in Caribbean Cement 10,000 shares to close up 35 cents at $2.85; Gleaner Company 41,500 units at $1.10; Grace Kennedy traded a big 1,024,228 shares at $56 down $7 but it traded as high as $62 during the day; Jamaica Broilers Group gained 12 cents to close at $4.51 with 4,107 shares; Scotia Group traded just 5,824 but closed up 45 cents to end at $19; Seprod exchanged 6,146 units to close down 50 cents at $10.50; Supreme Ventures swapped 40,000 shares to close firm at $2.68.

Jamaica Money Market Brokers 8.75% preference share traded 324,500 units at $3.

JSEIndicesDec20Junior Market | Access Financial Services reached a new all-time high of $11.38 by gaining 38 cents but with a mere 500 units changing hands. Consolidated Bakeries traded 131,000 units to close firm at $1.30; Derrimon Trading exchanged 80,000 shares and gained 10 cents to close at a new high of $2.50 and gained 24 percent on the IPO price of $2.05 and Lasco Manufacturing traded 51,000 to close at $1.40.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had weakened somewhat to 12 stocks with bids higher than the last selling prices versus Thursday’s 17 stocks and 4 offers that were lower compared to 5 on Thursday. The indicator remains strong nevertheless at the end of the week.

TTSE: First citizens’ 4 record days

Friday, 20th December, 2013 | This trading week was all about First Citizens as the stock recorded 4 consecutive new highs between Tuesday and Friday, up by $3.03 cents, with the last selling price of $39.25 putting the gain at 78 percent since listing in September. At the close, the price seems destined to move higher during the coming week.

There was trading on the Trinidad stock market in 11 securities; 3 advanced, 6 declined and 3 traded firm with 471,809 shares trading for a value of $8,249,524. The Composite Index advanced by 0.61 points to close at 1,179.76, the All T&T Index advanced by 1.02 points to close at 1,984.32 and the Cross Listed Index advanced by 0.03 points to close at 49.27.

Agostini’s traded 10,000 units valued at $177,900 at $17.79; First Citizens Bank traded 171,648 shares changing hands for a value of $6,620,573 to close up 75 cents at $39.25 a new record; Grace Kennedy traded 98,281 for a value of $339,069 with the price ending at $3.45 for a 4 cents gain; Guardian Holdings exchanged 25,000 units to close firm at $14; Scotia Investments contributed 74,758 shares with a value of $112,137 as the price slipped a cents to end at $1.50, while Trinidad Cement added 70,710 shares valued at $154,021 and closed at $2.18.

TTSEDec20Clico Investment Fund had a volume of 20,700 shares trading valued at $450,225 and the price advanced by 5 cents to end at $21.75.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 6 stocks higher and only one with an offer lower than their last selling prices, suggesting more gains in stock prices are likely in the coming days.

JSE: Very strong bull signal

Thursday, 19th December 2013 | While trading on the Jamaica Stock Exchange saw low volume and values, that may have obscured the signal from the market which was by far the strongest since IC Insider has been reporting the Investor’s Choice sentiment indicator in mid-May. At the end of trading the Investor’s Choice bid-offer indicator show bids for 17 stocks higher with 5 offers lower than their last selling prices.

Eight of the 23 stocks that traded recorded price gains to four that recorded losses. One stock recorded a new 52 week closing high at the end of trading. There was trading in 2,091,302 units with a value of $7,208,384.

Indices | Trading activity resulted in the JSE Market Index advancing by 534.21 to close at 78,512.42, the JSE All Jamaican Composite moved up by 928.72 to close at 78,305.80 and the JSE Junior Market Index closed at 768.16 for a decrease of 10.08.

Main Market | Cable and Wireless traded 330,540 units to close unchanged at 16 cents; Caribbean Cement exchanged 8,698 units to close up by 25 cents at $2.50; Carreras exchanged 12,000 units at $36.75, for a gain of $1; Desnoes & Geddes traded just 6,175 but the price rose by 11 cents to close at $4.30; Gleaner Company traded 49,447 units at $1.15; Jamaica Money Market Brokers swapped 13,535 firm at $7.60; National Commercial Bank recorded 116,523 units down 20 cents at $17; Sagicor Real Estate X Fund traded 6,000 to close up 25 cents at $6.30, a new record close; Scotia Group traded 36,885 units to close at $18.55 up 5 cents, while Seprod traded 15,972 shares firm at $11.

JSEIndicesDec19Jamaica Money Market Brokers 8.75% preference share traded 194,287 units firm at $3.

Junior market | The number of companies trading in the Junior market declined to 6 from Wednesday’s 12. In trading, Caribbean Producers traded 148,985 units to close unchanged at $2.60; newly listed Derrimon Trading had a second day of good volume as 974,748 shares changed hands to close firm at $2.40; Lasco Distributors traded 54,151 units to close at $1.39 and Lasco Manufacturing traded 97,733 units to close at $1.39, down 16 cents.

TTSE: First Citizens hits new high – $38.50

Thursday, 19th December 2013 | In trading on the Trinidad & Tobago Stock Exchange First Citizens Bank traded 9,218 units and closed at $38.50 for a gain of 50 cents to record a new high since listing in September this year.

Trading took place in 13 securities of which 6 advanced, 2 declined and 5 traded firm. The Composite Index advanced by 1.88 points to close at 1,179.15, the All T&T Index advanced by 5.25 points to close at 1,983.30 and the Cross Listed Index declined by 0.19 points to close at 49.24.a total of 626,815 shares traded at a value of $8,662,279.

Guardian Holdings exchanged 9,467 units at $14.00 up 25 cents; Grace Kennedy enjoyed strong volume of 231,780 shares changing hands for a value of $789,852 to close at $3.46 up 6 cents; Jamaica Money Market Brokers had a volume of 147,185 shares being traded for $75,536 and the price closed at 52 cents; Neal & Massy gained 85 cents to end the day at $60.00 but only 500 units traded. Scotiabank traded 21,025 shares at $72.53; Scotia Investments contributed 78,166 shares with a value of $117,749 as the price declined by 24 cents to close at $1.51, while ANSA McAL added 68,867 shares valued at $4,579,656 to close up 20 cents at $66.50. Trinidad Cement traded 12,069 units and closed at $2.17 for a 3 cents fall.

TTSEDec19Clico Investment Fund had a volume of 47,080 shares valued at $1,021,637, the price remained at $21.70 at the end of trading.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 4 stocks higher and 3 offers lower than their last selling prices.

JSE: Market up ticks

Wednesday, 18th December 2013 | Trading on the Jamaica Stock Exchange saw increased activity in the junior market with 12 of the stocks trading. There were three stocks that recorded new 52 weeks closing highs at the end of trading. The total volume of stocks traded amounted 10,512,394 units with a value of $19,909,321.

Indices | Trading activity resulted in the JSE Market Index advanced 286.12 closed at 77,978.21, the JSE All Jamaican Composite moved up 497.41 to close at 77,377.08 and the JSE Junior Market Index closed at 778.24 for an increase of 9.73.

Main Market | Cable and Wireless traded 8,141,059 units to close unperturbed at 16 cents; Grace Kennedy exchanged 66,565 units at $63 up by $2; Kingston Wharves exchanged 8,983 units firm at $6.06; National Commercial Bank continues to struggle in trading with only 7,800 units trading to close unchanged at $17.20; Sagicor Real Estate X Fund traded 10,000 to close up 5 cents at $6.05, a new record close; Scotia Group traded 523,684 units to close at $18.25, down by $1.75 while its subsidiary Scotia Investments traded 20500 units as the price lost 56 cents to end at $25.

Jamaica Money Market Brokers 7.5% preference share traded 50,000 units at $2.

Junior market | The Junior market saw trading in 12 companies, the most for some time with Access Financial Services reaching a new all time high of $11 by putting on $1 as it traded 12,000 units.

JSEIndicesDec18Blue Power Group exchanged 35,568 units as the price rose 12 cents to end at $9.50; Caribbean Cream produced 232,000 shares as the price slipped 2 cents to end at $1; Caribbean Producers traded 10,000 units to close unchanged at $2.55, newly listed Derrimon Trading exchanged 979,226 and put on 5 cents to end at $2.40 a new high; General Accident Insurance traded 30,000 shares to close firm at $1.62; Honey Bun exchanged 35,316 units at $3.41; Lasco Distributors traded 103,240 units and closed firm at $1.40; Lasco Financial Services put in 14,152 units but the price slipped 5 cents to $1.07 at the close; Lasco Manufacturing traded 201,710 units to close at $1.55 up 2 cents and Paramount Trading traded 16,273 shares firm at $3.51.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 9 stocks higher and 4 offers lower than their last selling prices.

TTSE: First Citizens hits another record

Wednesday, 18th December 2013 | First Citizens Bank traded 66,219 shares changing hands for a value of $2,516,435, increasing 66 cents to end the day at a new record of $38.10 and has gained 73 percent since listing in September on the Trinidad & Tobago Stock Exchange.

Overall Market activity was limited and restricted to just 8 securities of which 6 advanced, none declined and 2 traded firm. The Composite Index advanced by 2.11 points to close at 1,177.27, the All T&T Index advanced by 4.20 points to close at 1,978.05 and the Cross Listed Index advanced by 0.01 points to close at 49.43. Trading activity on the market saw 311,461 shares changing hands valued at $13,666,829.

Guardian Holdings traded 5,508 shares at $13.75, up by 20 cents; National Flour Mills added 15,000 shares valued at $14,250 to close firm at 95 cents; West Indian Tobacco had a big volume of 43,256 shares traded for $5,191,988 but the price remained unchanged at $120.03; Scotiabank contributed 37,748 shares with a value of $2,737,835 and closed at $72.52.

TTSEDec18Clico Investment Fund traded 143,405 shares valued at $3,111,889 and advanced by 2 cents to end at $21.70.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 3 stocks higher and 4 offers lower than their last selling prices.

Image courtesy of Photokanok/FreeDigitalPhotos.net.